4.4 Student loans

In this section:

Introduction

Someone adds up financial resources to see if she can afford her education plans.

Getting a post-secondary education in Canada comes with a cost. Depending on the school or program, tuition can cost between $3,000 and $10,000 a year or more. Living expenses can double, or, in some cases, triple the total cost of post-secondary education. That's why it's not surprising that many young people in Canada borrow money to finance their education. 

Student loans can be a big help if you need financial assistance to get through school. But they are still debts, and have to be repaid.

This section is about student loans. In it you will learn:

  • how student loans can help you finance your education
  • how student loan systems work in Canada
  • other sources of student financial assistance.

By the time you finish this section, you will understand how a student loan could help you and how to manage your student debt responsibly.

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